As the creative mastermind behind one of the world's most successful fashion brand reinventions, Marc Jacobs has always been inextricably to Louis Vuitton. This makes this particular rumour difficult to swallow; according to sources at WWD and Louis Vuitton, Jacobs - along with his business partner Robert Duffy - may not be renewing his LVMH contract, which is due to expire in 2014.
WWD and Fashionista are reporting that none other than Nicolas Ghesquière is the rumoured replacement. The fashion industry has been lamenting the loss of Ghesquière as a creative director since he left Balenciaga and speculation has been rife as to where he will turn up next. The French designer has been particularly vocal about his thoughts on Balenciaga's management and parent company, Kering. LVMH is direct rival to PPR and Bernard Arnault of LVMH and Francois Pinault of Kering have been dubbed "warring billionaires" by the Wall Street Journal. A future move by Ghesquière to LVMH would definitely make a statement - he has already been spotted with LVMH executives in Paris and hints that he has something major in the works.
As for Marc Jacobs, some suggest that he may be headed to Coach. With the June 2014 departure of Reed Krakoff, there's a vacancy for both a president and executive creative director - perfect for powerhouse duo Jacobs and Duffy. Meanwhile, Emma Hill - who recently announced her resignation from Mulberry after six years’ worth of creative overhaul for the brand – is also a rumoured contender for the job.
Either way, there does seem to be a surplus of qualified and very talented creative directors ready to be courted by fashion’s biggest names - and with the relatively recent appointments of Alexander Wang and Jason Wu at Balenciaga and Boss womenswear respectively, bigger labels also aren't afraid to explore younger designers. And we thought last year was a big year for fashion industry shake-ups.
No comments:
Post a Comment